Welcome to our dedicated page for Cal Maine Foods news (Ticker: CALM), a resource for investors and traders seeking the latest updates and insights on Cal Maine Foods stock.
Cal-Maine Foods reports developments in U.S. egg production, specialty shell eggs and egg-based prepared foods. The company produces, grades, packages, markets and distributes shell eggs, with products spanning conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs for retail and foodservice customers.
Recurring updates include quarterly operating results, shell egg pricing and volumes, sales mix between conventional and specialty eggs, prepared-foods growth, acquisitions of production assets, investor-conference appearances and board governance matters. Company news also references brands such as Eggland’s Best, Land O’Lakes, Farmhouse Eggs, 4Grain, Sunups, Sunny Meadow, MeadowCreek Foods and Crepini, along with prepared-food formats including pre-cooked egg patties, omelets, hard-cooked eggs, pancakes, waffles and wraps.
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Cal-Maine Foods (NASDAQ: CALM) announced the retirement of James Hull, effective October 30, 2020, after nearly 30 years with the company. Hull, who served as Vice President of Egg Products, managed the firm’s subsidiaries in Georgia and Texas. Timothy Thompson will succeed Hull while maintaining his responsibilities over Arkansas and Kansas operations, reporting to President Sherman Miller. Chairman and CEO Dolph Baker expressed gratitude for Hull's contributions to the company's growth and confidence in Thompson’s leadership for future strategies.
Cal-Maine Foods reported Q1 fiscal 2021 net sales of $292.8 million, up 21.4% year-over-year from $241.2 million. The company incurred a net loss of $19.4 million or $0.40 per share, an improvement from a $45.8 million loss last year. Total dozens sold increased by 3.8%, reflecting strong retail demand. The average selling price per dozen is up 17.8% compared to the prior year, despite volatility in egg prices. The company will not issue a dividend for Q1 due to cumulative losses of $20.8 million.